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Nov 12, 2012
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when you see boehner calling the caucus and say, hey, let's aavoid the nasty showdowns. that's saying let's not be hostage takers. you see obama learning how to deal with the caucus. let's extend the middle class tax cuts, right now, let's do it. he puts them in a bad position and making it look like, look, middle class, they are not giving you what you need. so learning how to work with them, learning that we have to have some compromise, i see some tea leaves that we may have a better next couple of years. we'll see. >> it will be interesting, if a deal is struck. i don't think it will nearly as good as for republicans as the deal that the president offered them. the grand deal that had been offered before. you know, in some ways i actually think the problem for republicans and for conservatives is that a lot of their ideas and principles have actually won. you know, since ronald reagan we no longer have 70% tax rates on the highest income earners. nobody is arguing for that. we're arguing to go back to 39.6%. on health care reform, the president's health care reform w
when you see boehner calling the caucus and say, hey, let's aavoid the nasty showdowns. that's saying let's not be hostage takers. you see obama learning how to deal with the caucus. let's extend the middle class tax cuts, right now, let's do it. he puts them in a bad position and making it look like, look, middle class, they are not giving you what you need. so learning how to work with them, learning that we have to have some compromise, i see some tea leaves that we may have a better next...
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Nov 16, 2012
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the most interesting thing, though, from the boehner aide was that john boehner believes there is not enough time from now until the end of the year to actually have a grand bargain. there's enough time, though, to put together the framework for what a grand bargain would look like. essentially have the top lines agreed to that by sometime in 2013 you could have both the chambers, the senate and the house, come together on some substantial tax reform, entitlement reform, and get rid of the sort of automatic cuts that we see as a sequester, and the tax increases and have a mechanism you can replace them with. listen to the congressional leaders in their photo op in the white house before thanksgiving that they had today. >> we've put revenue on the table, as long as it's accompanied by significant spending cuts. >> we have a cornerstones of being able to work something out. we're both going to have to give up some of the things that we know are a problem. >> we should have a goal in terms of how much deficit reduction. we should have a deadline before christmas. >> we fully understand
the most interesting thing, though, from the boehner aide was that john boehner believes there is not enough time from now until the end of the year to actually have a grand bargain. there's enough time, though, to put together the framework for what a grand bargain would look like. essentially have the top lines agreed to that by sometime in 2013 you could have both the chambers, the senate and the house, come together on some substantial tax reform, entitlement reform, and get rid of the sort...
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Nov 14, 2012
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thank you. >> so now that we have accepted even in boehner land that obama care is the law of the land, do you think that this will make the american health care system better? >> absolutely. i think that we are entering a period of time where we can get down to the very hard work that needs to be done to improve the health care of nation. and now that we are past the election and all sides agree that the affordable care act is the law of the land it gives the patients in the country, this country a much greater deal of certainty and security that our health care system is going to be there for them if they need it. >> well, arkoosh i think in addition to the fact we live in a nation where we're taxed for merely existing, there are still some people who aren't decided about obama care. in fact, politico had exit polling after the election showing the country's split down the middle on whether obama care should be repealed, partially or interly or kept. "forbes" has an article out called "five ways to protect yourself against obamacare." a concern is a doctor participate in a mass exodu
thank you. >> so now that we have accepted even in boehner land that obama care is the law of the land, do you think that this will make the american health care system better? >> absolutely. i think that we are entering a period of time where we can get down to the very hard work that needs to be done to improve the health care of nation. and now that we are past the election and all sides agree that the affordable care act is the law of the land it gives the patients in the...
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Nov 16, 2012
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>> well, i think speaker boehner has struck the right tone. clearly both from election -- the day after the election and including today we had the opportunity to meet with leader pelosi afterwards who was very encouraging about the meeting that took place in the white house, and i think boehner has always been, who is an institutionalist, has always cared deeply about this and would have struck the right deal. it's always been that element within the republican conference that has kept him from getting there, but i see a different kind of resolve and obviously, martin, for the interests of the country we hope that they don't lead us off this cliff that, as you point out, is artificially created by them, and so there's -- i think there's great hope that we can get this accomplished and set up the framework for the next session. >> okay. well, i want to play something for you of that encapsulates the outlook of some republicans. listen to this. >> i mean, it's a proven political strategy, which is give a bunch of money from the government to a
>> well, i think speaker boehner has struck the right tone. clearly both from election -- the day after the election and including today we had the opportunity to meet with leader pelosi afterwards who was very encouraging about the meeting that took place in the white house, and i think boehner has always been, who is an institutionalist, has always cared deeply about this and would have struck the right deal. it's always been that element within the republican conference that has kept...
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Nov 12, 2012
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>> speaker john boehner on friday, appeared to give a little ground, suggesting that limits on tax deductions could be part of a deal, something that senior obama adviser, david axelrod, said was a step in the right direction. >> i think the speaker's comments have been encouraging. and obviously, there's money to be gained by closing some of these loopholes and applying them to deficit reduction. so, i think there's a lot of ways to skin this cat, so long as everybody comes with a positive, constructive attitude toward the task. >> axelrod also pointed out that exit polling from the election showed 60% of the american agreed with raising taxes on the highest earners. >>> there's a renewed focus on immigration policy, following a presidential election that saw a growing divide between republicans and the hispanic community. now, two senators on opposite sides of the aisle says they're confident they can push through reform. chuck schumer and lindsey graham are revisiting a plan they proposed together back in 2010. >> i think we have a darn good chance, using this blueprint, to get something d
>> speaker john boehner on friday, appeared to give a little ground, suggesting that limits on tax deductions could be part of a deal, something that senior obama adviser, david axelrod, said was a step in the right direction. >> i think the speaker's comments have been encouraging. and obviously, there's money to be gained by closing some of these loopholes and applying them to deficit reduction. so, i think there's a lot of ways to skin this cat, so long as everybody comes with a...
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Nov 16, 2012
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john boehner, mitch mcconnell saying they want the bush tax cuts for everyone. joe, will they have to bend on that? isn't that really the issue? will they bend on the republican side? >> the republicans are going to have to bend. we have to get this done. we've only got 46 days before the -- before we would fall off this fiscal cliff and to fall off the cliff would mean 3.9% hit for gdp next year. we can't afford that because that would potentially throw us into another recession. we want to avoid that at all costs. the big issue i think for most people would be taxes. most people -- and governor rendell said, well, it's not just a matter of tax increases on the wealthiest americans but it's a host of spending challenges that we face across the board that would impact millions of people and certainly impact us in a huge way. i think republicans have to bend. republicans are going to be looking at of course cuts in spending and cuts in entitlements as well as the possibility of new revenue and i think they're very open to this. i think some republicans will push
john boehner, mitch mcconnell saying they want the bush tax cuts for everyone. joe, will they have to bend on that? isn't that really the issue? will they bend on the republican side? >> the republicans are going to have to bend. we have to get this done. we've only got 46 days before the -- before we would fall off this fiscal cliff and to fall off the cliff would mean 3.9% hit for gdp next year. we can't afford that because that would potentially throw us into another recession. we want...
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Nov 14, 2012
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boehner and mcconnell still in charge. although they did better and you could argue there's no reason. are you surprised there's not a push to change leaders inside your party even if it's just the face of the party a little bit? >> it's difficult. within the house there is -- i think there will be a battle for the conference chair. >> but it's a -- >> i'm surprised, yeah, but at the same time, we need strong leadership and a strong speaker and i think boehner can do a good job -- >> looks like he's going to get more political leeway. he doesn't have eric cantor. it seems like there's for trust between the two but, jackie, if the american people had known they not only were re-electing status quo but the same people are in the room that gave us the gridlock, i wonder how that ballot would have turned out. >> i wonder if he said it's going to be the same people in the room, and, you know, a lot of this is going to be theater. we were talking about that for the first couple of days, hopefully not weeks but there will be a lo
boehner and mcconnell still in charge. although they did better and you could argue there's no reason. are you surprised there's not a push to change leaders inside your party even if it's just the face of the party a little bit? >> it's difficult. within the house there is -- i think there will be a battle for the conference chair. >> but it's a -- >> i'm surprised, yeah, but at the same time, we need strong leadership and a strong speaker and i think boehner can do a good...
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Nov 15, 2012
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can boehner get there if that's the case? >> if you look at eliminations of deductions, exemptions, credits, it doesn't get to you where we need to comply with the budget control act so the fact that we are examining an opportunity to perhaps look at either on higher income earners, whether it's $1 million or higher as opposed to marrying ourselves to 250 is a step in the right direction. i think the fact that there is discussion on this front initiated by the speaker and behind closed doors we'll get in detail. for the first time we're close and why throw away the opportunity. >> can i just mention how many jokes joe would have made about being behind closeds doors and consummating and that whole thing and that's why joe needs to be on the show and he's not. i'm doing a poor job that he would have made seven or eight jokes would have been made. let me just ask jared, the 39.6 in my mind seems like it is a bottom line, a starting point an an end point for the president. can you envision a deal being done on the fiscal cliff t
can boehner get there if that's the case? >> if you look at eliminations of deductions, exemptions, credits, it doesn't get to you where we need to comply with the budget control act so the fact that we are examining an opportunity to perhaps look at either on higher income earners, whether it's $1 million or higher as opposed to marrying ourselves to 250 is a step in the right direction. i think the fact that there is discussion on this front initiated by the speaker and behind closed...
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Nov 17, 2012
11/12
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president obama state what his position is, which honestly everyone already knows and house speaker john boehner stated what his feeling is on dealing with the fiscal cliff. and that sort of perfunctory here's my position sort of gave way to a back and forth between these two leaders. nothing was settled, but the tone was reportedly good and both republicans and democrats in the room seemed aware this would come down to dealing with tax reform and entitlement reform, and the source told me when the president raised the issue of increasing revenue, there was no, "no, we're not going to do that" from republicans, and when republicans talked about entitlement reform, the president agreed that was something that has to be done. >> well, it sounds good, but do you think when it comes down to the brass tacks both sides are actually ready to bend a bit? >> reporter: i think they're ready to bend than they were going into that whole debacle that was the debt situation. there are some specifics that need to be sorted out for sure, exactly how to raise revenue. as you know, democrats would like to raise t
president obama state what his position is, which honestly everyone already knows and house speaker john boehner stated what his feeling is on dealing with the fiscal cliff. and that sort of perfunctory here's my position sort of gave way to a back and forth between these two leaders. nothing was settled, but the tone was reportedly good and both republicans and democrats in the room seemed aware this would come down to dealing with tax reform and entitlement reform, and the source told me when...
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. >> if you saw a headline, boehner-obama to agree to long-term solution, you would hit buy first on com? >> we no longer have to worry about rising above? >> i think we'll see that as a joke. >> only up 3% to 5% between now and tuesday. that's not their focus. >> i understand. >> but remember when germany went down, when the german forces went down. those are countries that are dominated by rich people. a lot of those companies are plutocrasies. i think when their market went down, they said holy cow, maybe we ought to do something, maybe monty ought to get together, our country t.a.r.p., that first vote, i think people said, okay, i'm going to have to work the rest of my life, there goes my 401(k) and the congressmen rise above. i hope it doesn't take that. i hope it didn't. >> we do have some media news today, viacom is out with some numbers. >> viacom is not as bad as i had feared. the market numbers down about 6% for the company which is perhaps a little bit better than might have been expected. if you take a look over the last few weeks has been down somewhat dramatically. look
. >> if you saw a headline, boehner-obama to agree to long-term solution, you would hit buy first on com? >> we no longer have to worry about rising above? >> i think we'll see that as a joke. >> only up 3% to 5% between now and tuesday. that's not their focus. >> i understand. >> but remember when germany went down, when the german forces went down. those are countries that are dominated by rich people. a lot of those companies are plutocrasies. i think when...
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that's going to stay john boehner. they're actually fighting for the number four job in the house. the contest was tom price against one of the precious few republican women in the house, cathy mcmorris rodgers. and there were some interesting politics at work here. miss mcmorris rodgers had the support of speaker john boehner, but tom price had the support of this guy, the republican party's vice presidential nominee, paul ryan. in the end, it was cathy mcrris rodgers who won. paul ryan's guy lost. and so even as they lose the presidency, thanks to a devastating gender gap in the polls, and at the same time they send even fewer republican women to congress than were there before, republicans did today pick for this small, low-profile national republican number four leadership role an actual woman. and that's the best they've ever done. that's the highest ranking gop woman there has ever been in the house. back over on the senate side, republicans are faced with a dilemma set up for them by john mccain, as i was just discussing with bill burton. john mccain is suggesting that the p
that's going to stay john boehner. they're actually fighting for the number four job in the house. the contest was tom price against one of the precious few republican women in the house, cathy mcmorris rodgers. and there were some interesting politics at work here. miss mcmorris rodgers had the support of speaker john boehner, but tom price had the support of this guy, the republican party's vice presidential nominee, paul ryan. in the end, it was cathy mcrris rodgers who won. paul ryan's guy...
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Nov 20, 2012
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when you hear john boehner and mitch mcconnell say we recognize there needs to be new revenues in the deal, that's big. >> very briefly, dana, does grover norquist though still frighten some members of the house? >> oh, he frightens a whole lot of them. that's the thing. there's two-thirds, three-quarters, maybe more of that caucus are the conservative republicans, and jared is right. the problem isn't grover norquist per se. he's an entertaining, happy warrior. the problem is there are people who are following this. there's always going to be a guy like that. the problem is how much power he is. >> the thing about grover is he's going to march in front of the parade. what matters is whether he's going to have troops behind him and some of those troops are peeling off. >> let's hope so. jared and dana millback, thank you, gentlemen, so much. stay with us. much more ahead. oh no, not a migraine now. try this... bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough
when you hear john boehner and mitch mcconnell say we recognize there needs to be new revenues in the deal, that's big. >> very briefly, dana, does grover norquist though still frighten some members of the house? >> oh, he frightens a whole lot of them. that's the thing. there's two-thirds, three-quarters, maybe more of that caucus are the conservative republicans, and jared is right. the problem isn't grover norquist per se. he's an entertaining, happy warrior. the problem is there...
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Nov 13, 2012
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you have speaker boehner saying, let's get compromise. this is the time to bring that debt down. we seriously have to do it. i don't think anyone disputes that, but it has to be a mix of spending cuts and the revenue. and the one figure that i'd like to add here is how much revenue we get by just going back to the clinton levels at $250,000 and above. that's $700 billion in tenures. that's what draws people to that number when you add that in and then close some loopholes and subsidies and do the budget cuts, we have already done a trillion. you can get to the $4 trillion that most economists say would at least lead us to the path to reduce debt over ten years. >> because it is so much money and because it would be so relatively painless for people who have income above $250,000 to see that change go back, because bill crystal is saying this now, because the president is clear that's what he's running on, it feels that's clear that's within the realm of the possible. but what else didn't previously peel like it was in the realm of possible? >> i think immigration reform. i called
you have speaker boehner saying, let's get compromise. this is the time to bring that debt down. we seriously have to do it. i don't think anyone disputes that, but it has to be a mix of spending cuts and the revenue. and the one figure that i'd like to add here is how much revenue we get by just going back to the clinton levels at $250,000 and above. that's $700 billion in tenures. that's what draws people to that number when you add that in and then close some loopholes and subsidies and do...
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the president didn't offer any specific thing along the lines what have we heard from john boehner last week, okay, we're there on reven on the table, we'll meet you there. i didn't hear any specific -- >> don't we already have a structure? wasn't that erskine-bowles? it is another committee. >> it is a step back i think from the idea of a deal right now that would trade entitlement reform for tax increases. it sounds to me like it's tax increases for the wealthy in return for a commitment to discuss entitlement reform. >> what you did hear from the president is a statement that the american people knew what they were get what they re-elected me. he also said there is a big contrast between me and mitt romney on the campaign trail and i'm the guy who won the election. >> as one of our smart viewers tweeted in which i thought was so smart -- it's all fun and games until you have to name specific entitlements you want to cut. right? we need more specifics from both sides. all right, going to a break here but after the break, steve leisman, stick around. we also have something today called
the president didn't offer any specific thing along the lines what have we heard from john boehner last week, okay, we're there on reven on the table, we'll meet you there. i didn't hear any specific -- >> don't we already have a structure? wasn't that erskine-bowles? it is another committee. >> it is a step back i think from the idea of a deal right now that would trade entitlement reform for tax increases. it sounds to me like it's tax increases for the wealthy in return for a...
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. >>> coming up, speaker boehner has a great new idea. a new way to make compromise in this tax fight. he's tapping paul ryan to take a big new role. it makes perfect sense. >>> also, your john mccain hypocrisy alert is coming. he wants an apology from susan rice. is he kidding? we're still waiting on yours. >>> plus, here comes their worst night mare. we'll tell you what senate republicans are secretly saying behind closed doors about elizabeth warren coming to washington. not exactly planning a welcome party. >>> and how about this picture all over the internet? we'll explain what it's all about. >>> in a conference call, he won because he gave big gifts to target ed voters but some believe he won because of the big gift he got from republicans. [ male announcer ] what are happy kids made of? bikes and balloons, and noodles on spoons. a kite, a breeze, a dunk of grilled cheese. catches and throws, and spaghettio's. a wand, some wings, soup with good things. sidewalks and doodles and wholesome noodles. puddles and pails and yes, puppy do
. >>> coming up, speaker boehner has a great new idea. a new way to make compromise in this tax fight. he's tapping paul ryan to take a big new role. it makes perfect sense. >>> also, your john mccain hypocrisy alert is coming. he wants an apology from susan rice. is he kidding? we're still waiting on yours. >>> plus, here comes their worst night mare. we'll tell you what senate republicans are secretly saying behind closed doors about elizabeth warren coming to...
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Nov 13, 2012
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to be speaker boehner, a lot of publicans running with tail between their tails here. on deep end like tax, immigrations and reform. they may be caving onssues that tea partiers held near and dear. dick armey, a big tea party player, freedom works, how do you feel about that for one of a better term, dressing down on part of speaker boehner on republican troops, tea partiers included. many, made him the speaker. >> well, let me say i love john boehner like a brother, i don't envy him the position he is in. but i am also reminded of what ronald reagan taught us years ago, good polic makes good politics, john boehner needs to emphasis economic growth, is the way to get increed revenue. and there is two ways to -- two imperatives, dress down reduce, and discipline our government run among so there is confidence to grow in private sector then a tax system that accommodates that growth. you will dress a tax system of this country, from theoint of view of what is fair, have you taken the most simple minded way to address taxes. taxes are about raising the necessary revenue t
to be speaker boehner, a lot of publicans running with tail between their tails here. on deep end like tax, immigrations and reform. they may be caving onssues that tea partiers held near and dear. dick armey, a big tea party player, freedom works, how do you feel about that for one of a better term, dressing down on part of speaker boehner on republican troops, tea partiers included. many, made him the speaker. >> well, let me say i love john boehner like a brother, i don't envy him the...
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Nov 12, 2012
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this was the secret negotiation between barack obama and john boehner last year. we don't know all of the pieces that were in it. they offered 8$800 billion in revenue and then on the spending cut side they offered $450 billion in cuts to medicare and medication and changes to the way social security benefits are calculated. a lot of things on the table here. big things both tax increases and spending decreases. it's going to take some combination of those to get to a deal here and it's sort of where they go on this menu of options that's going to lead to whether or not they have votes to do it on capitol hill. >> there's a detail there. cut through it for me if you will. a lot of people around seem to suggest that they're going to get this thing tied up really quite quickly. my concern is that obama is beginning to grandstand. if you look at who he's meeting with, it looks like he might be preparing for a huge fight for his legacy, which actually might push us further back than a lot of people have bargained for. >> what you'll see with obama meeting with progres
this was the secret negotiation between barack obama and john boehner last year. we don't know all of the pieces that were in it. they offered 8$800 billion in revenue and then on the spending cut side they offered $450 billion in cuts to medicare and medication and changes to the way social security benefits are calculated. a lot of things on the table here. big things both tax increases and spending decreases. it's going to take some combination of those to get to a deal here and it's sort of...
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Nov 20, 2012
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we also reported that john boehner gave a speech to congress, but it wasn't john boehner. it was just a pair of goggles. and they didn't give a speech. someone just put them on. again, that was an error on our part. and finally, two weeks ago, we reported that mitt romney won the presidential election. it wasn't mitt romney. it was someone else. we apologize. those are tonight's retractions. moving on to other news -- oh, folks, this is big. [ laughter ] [ cheers and applause ] and finally, hillary clinton is stepping down from her position as secretary of state. while we don't know how this will affect her potential 2016 presidential bid, we do know that this is what she would look like if her face were turned upside down. >> i think the president has done an excellent job under the most difficult circumstances. [ laughs ] ♪ >> jimmy: that was night news now. stick around, we'll be right back with zooey deschanel. [ cheers and applause ] ♪ woooah, what do you got there? berry pomegranate mio. berry pomegranate what? berry pomegranate mio. do i just squirt a little? or
we also reported that john boehner gave a speech to congress, but it wasn't john boehner. it was just a pair of goggles. and they didn't give a speech. someone just put them on. again, that was an error on our part. and finally, two weeks ago, we reported that mitt romney won the presidential election. it wasn't mitt romney. it was someone else. we apologize. those are tonight's retractions. moving on to other news -- oh, folks, this is big. [ laughter ] [ cheers and applause ] and finally,...
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i think you heard john boehner say that already. we've had votes in the senate where we've actually gotten rid of tax credits. i think that's a given. and i think the vast majority of americans agree with that. the question is how do you do that and how do you allow taxes to rise at the same time you fix the real problem? and the real problem is uncontrolled entitlement spending and a government that has grown massively. not just under this administration, under republican administration. >> let me turn to senator schumer on this point. >> so you have to approach both sides of it. >> let me turn to senator schumer. i'm going to ask you the same question. if the mandate is compromised, what do democrats have to be prepared to accept as a painful outcome in order to achieve compromise? >> well, i agree with you, the mandate is compromise. that's why we have a divided house and senate. and i think if the house stands for anything it's cut government spending, as tom coburn said, and i think we're going to have to do more of it. we hear
i think you heard john boehner say that already. we've had votes in the senate where we've actually gotten rid of tax credits. i think that's a given. and i think the vast majority of americans agree with that. the question is how do you do that and how do you allow taxes to rise at the same time you fix the real problem? and the real problem is uncontrolled entitlement spending and a government that has grown massively. not just under this administration, under republican administration....
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how much does boehner speak for his conference, by the way? how much leeway does he have to cut a deal that might anger some conservatives? this weekend there were signs of softening among conservatives on the issue of taxes. here is "the weekly standard questions bill kristol sunday. >> it won't kill the country if we raise tax as little bit on millionaires. i don't understand why republicans don't take obama's offer to freeze taxes for everyone below $250,000, make it a million. the republican party is going to defend a bunch of millionaires, half who voted democratic and hatch live in hollywood. >> although tom price who is running to lead the house republican conference said sunday he is open to closing some tax loopholes, he did buck boehner on the issue of health care. >> question, do most house republicans, do you agree with speaker boehner that repeal of obama care with this election, with his re-election, is debt? >> we're not opposed to the president's health care law because of the election. we're opposed because it's bad policy and
how much does boehner speak for his conference, by the way? how much leeway does he have to cut a deal that might anger some conservatives? this weekend there were signs of softening among conservatives on the issue of taxes. here is "the weekly standard questions bill kristol sunday. >> it won't kill the country if we raise tax as little bit on millionaires. i don't understand why republicans don't take obama's offer to freeze taxes for everyone below $250,000, make it a million....
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how will it affect the upcoming talks with john boehner? two top-tier negotiators give their insight into how the meeting could unfold. >>> and trading places. charles schwab ceo talks exclues i havely to maria about the current crisis of confidence in the stock market. could a deal on the looming fiscal cliff be just the shot in the arm sagging equities need? that and a whole lot more is ahead on the "closing bell." >>> all right. we want to show you a live picture of the white house. we are waiting for the ceos to start tricking out of the white house. they are in a meeting right now with president obama talking about the fiscal cliff, talking about ways to get the deficit and debt situation in this country in order. as soon as those ceos start coming out, they include the ceo of honeywell, ibm, a number of ceos in industrial businesses. of course, the only financial services representation there is american express. no other bank was invited to this meeting. as soon as these guys and gals start walking out, we'll bring you some interview
how will it affect the upcoming talks with john boehner? two top-tier negotiators give their insight into how the meeting could unfold. >>> and trading places. charles schwab ceo talks exclues i havely to maria about the current crisis of confidence in the stock market. could a deal on the looming fiscal cliff be just the shot in the arm sagging equities need? that and a whole lot more is ahead on the "closing bell." >>> all right. we want to show you a live picture...
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Nov 13, 2012
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there are -- boehner says down payment now. buy the boehner down payment zbh i don't like the down payment. i would be sorely disappointed if we missed this opportunity. i think somebody was telling me today the budget act of 1990 took 12 days to put in place. we know what all the issues are. i hope we won't be lacking courage just to go ahead and deal with big pieces of this. so -- i am in a different place than you on this. i think we ought to deal a -- in a big way with the fiscal reform. >> you want to grant design. that's very -- interesting point of view. >> doesn't have to be grand. we play to take two bites at it, debt ceiling coming up which i think, by the way, debt ceiling is the more important day personally than the fiscal cliff issue because we are not fiscal cliff is not going to happen. okay. simply is not going to happen. so -- to me, the focus ought to be on solvency and if we can deal with that and take a big step out of that, big step towards solving that, during this december, i agree with you. i think the
there are -- boehner says down payment now. buy the boehner down payment zbh i don't like the down payment. i would be sorely disappointed if we missed this opportunity. i think somebody was telling me today the budget act of 1990 took 12 days to put in place. we know what all the issues are. i hope we won't be lacking courage just to go ahead and deal with big pieces of this. so -- i am in a different place than you on this. i think we ought to deal a -- in a big way with the fiscal reform....
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Nov 14, 2012
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boehner has been ee re-elec. what about mitch mcconnell. he sounds as object strucktive as he has over the last four years. what's going to happen to him? >> i went to his photo op yesterday where he unveiled new members of the republican freshman class. they could have had that in a broom closet because there were only three of them and they were sitting there nodding their heads and grinning for the cameras. is he going to play the bad cop here. i mean, boehner at some point is going to be in a position of actually having to lead. mcconnell can still be, because he's in the minority, can still be -- well, he can't make it his top priority to defeat obama but he can make it a top priority to defeat all of obama's policies. >> wouldn't it be great if they actually worked together? >> it's important to keep in mind john boehner is an old school guy willing to cut deals and be reasonable and compromise. now, the question is whether or not with eric cantor and the rest of the leadership kind of eyeing him how far he'll be able to go. but boehn
boehner has been ee re-elec. what about mitch mcconnell. he sounds as object strucktive as he has over the last four years. what's going to happen to him? >> i went to his photo op yesterday where he unveiled new members of the republican freshman class. they could have had that in a broom closet because there were only three of them and they were sitting there nodding their heads and grinning for the cameras. is he going to play the bad cop here. i mean, boehner at some point is going to...
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Nov 14, 2012
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speaker boehner has said this. let's change the tax code. let's do something much broader base, lower those rates. a lot of folks are going to pay substantially more taxes because their special tax deductions will go away but we'll have a growth oriented tax system. >> congressman, i couldn't agree with you more, because we know the federal government spends $10 billion a day. the buffett rule, whatever you want to call it, maybe a week to two weeks of operating income for the government. i get that point. where will the other money come from? can you be specific? >> well, here's the reality. if you and i were to look at a chart and outside political rhetoric -- just put on our green eye shades and just be mathematicians. the problem is in the promises we made in entitlements, there's no money to pay for them. the medicare trust fund may only have a few years left and it's gone! because the incredible rate we're spending. if we do not hear the president talk about entitlements in that case he's just continuing his campaign of misinformation.
speaker boehner has said this. let's change the tax code. let's do something much broader base, lower those rates. a lot of folks are going to pay substantially more taxes because their special tax deductions will go away but we'll have a growth oriented tax system. >> congressman, i couldn't agree with you more, because we know the federal government spends $10 billion a day. the buffett rule, whatever you want to call it, maybe a week to two weeks of operating income for the government....
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Nov 13, 2012
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marginal rate back to 39.6 we're not going to do a deal, and i can tell you that the guys in the house and boehner, they really want to do this, this limiting deductions, limiting loopholes, raising effective rates, but lowering nominal rates. they want to do it that way but the president may say no and those guys in the house will say no and we might, it might happen. >> it might, but look, this is a leadership moment. we have a a leader who now has second term. he's a president. he's a fascinating individual in many respects. he's part of the problem. >> what gives you any indication he'll lead in this case? >> maybe he'll wake up to the fact that he has a chance to cut through the polarization and leave a winning legacy. this is his chance to rise above. give him a button. >> there you go. thank you for that, steve. we have more ahead from steve. coming up, we're going to talk about several stocks on the move ahead of the opening bell. we'll get down to "mad money's" jim cramer. "squawk on the street," jim cramer right after this. sometimes investing opportunities are hard to spot. you have to
marginal rate back to 39.6 we're not going to do a deal, and i can tell you that the guys in the house and boehner, they really want to do this, this limiting deductions, limiting loopholes, raising effective rates, but lowering nominal rates. they want to do it that way but the president may say no and those guys in the house will say no and we might, it might happen. >> it might, but look, this is a leadership moment. we have a a leader who now has second term. he's a president. he's a...
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Nov 15, 2012
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boehner are accurate, the dems are moving away from that. the president and the democrats seem to be moving away from that. why do you think that is, and is this important? >> let's assume for a second the president is right and we need $1.5 trillion of revenue. now, i think there's a better way to get there and a different way to get there. the president, you know, i think is open to some of these ideas. but if we're going to have $1.5 trillion worth of revenue, we need about $3.5 trillion worth of real spending cuts. that would come from defense. it would come from entitlement programs. it would come from the other mandatory programs. that's what makes the most sense to take it from because those are the areas that are really growing at an accelerated rate, faster than the rate of growth of health care. i think that's doable. i think we can find the votes to do that because i think the american people are way ahead of the politicians. they realize we got a real problem in this country and we got to fix it. >> what do you think, senator? i
boehner are accurate, the dems are moving away from that. the president and the democrats seem to be moving away from that. why do you think that is, and is this important? >> let's assume for a second the president is right and we need $1.5 trillion of revenue. now, i think there's a better way to get there and a different way to get there. the president, you know, i think is open to some of these ideas. but if we're going to have $1.5 trillion worth of revenue, we need about $3.5...
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Nov 16, 2012
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you ask yourself, what's it worth when boehner, pelosi, mcconnell, and reed all start talking nice to each other? it's worth 120 points on the dow. we're not far from the highs of the day. some hope we can get a modest rally. the vix has really collapsed going into the close. we're near the lows for the week on the vix. some of those closed end funds like pimco, high yield, phk also doing a little better today. finally, i'm going to mention home builders also a doing better on the day. back to you. >> okay. thank you very much, bob. well, thanksgiving is less than a week away, and the trend is growing for stores like walmart to be open for business that day. shoppers seem to love it, but workers, for obvious reasons, do not. >> yeah, some walmart workers are now pledging to walk out if they are forced to work on that holiday. walmart has already said they plan to open at 8:00 p.m. on thanksgiving. joining us now, a husband and wife, greg and charr lean fletcher, both employees of walmart. both scheduled to work different shifts on thanksgiving day. we welcome you. greg, you have said
you ask yourself, what's it worth when boehner, pelosi, mcconnell, and reed all start talking nice to each other? it's worth 120 points on the dow. we're not far from the highs of the day. some hope we can get a modest rally. the vix has really collapsed going into the close. we're near the lows for the week on the vix. some of those closed end funds like pimco, high yield, phk also doing a little better today. finally, i'm going to mention home builders also a doing better on the day. back to...
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Nov 20, 2012
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what is boehner's intel here? >> because john boehner is smart enough to know he needs to keep paul ryan as close to him as possible. remember, you have paul ryan is part of the young guns. so they caused a little mischief the last time we tried this. this is less about having faith in paul ryan's actual ideas and more about politics. and sort of keeping his close, keeping him engaged, busy doing something so he's not out there making mischief. >> rana, it seems maybe that conservatives are coming to grips with the notion that there may be a tax increase on upper income earners e. i point you to bill crystal saying the unspeakable. let's take a listen. >> there will be a deal by december 31st. i believe republicans will yield on top rates. president obama ran twice and won two elections. he didn't raise rates in 2009. we were in the midst of horrible downturn. they were able to bargain to a deal. i don't think republicans have the lemplg or that it's worth using whatever leverage they have to maintain rates at 35%
what is boehner's intel here? >> because john boehner is smart enough to know he needs to keep paul ryan as close to him as possible. remember, you have paul ryan is part of the young guns. so they caused a little mischief the last time we tried this. this is less about having faith in paul ryan's actual ideas and more about politics. and sort of keeping his close, keeping him engaged, busy doing something so he's not out there making mischief. >> rana, it seems maybe that...
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Nov 18, 2012
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you know, when john boehner appears, they say are you willing to accept higher rates. no one says what are you going to do about entitlements or anything, there's no question of the president whether he will compromise and what that would look like. >> paul: steve, what do you think the republicans ought to do here? is there a way out for them or are they going to be pushed back into a corner where they have no choice, but to concede that they have to raise tax rates or else go over the cliff and get blamed for that? >> well, it's a tough situation for them. there's no question about it because as you know, the default position, if we don't do anything is for the taxes to go up on everybody on january 1st, and that's something i think both sides want to avoid. it's very interesting, the thing that happened this week to start the week, was who was the first person that barack obama met with in the white house since his election, the labor unions, the labor block, that tells a lot who is driving policy at least at the start of the second term? and the labor unions basica
you know, when john boehner appears, they say are you willing to accept higher rates. no one says what are you going to do about entitlements or anything, there's no question of the president whether he will compromise and what that would look like. >> paul: steve, what do you think the republicans ought to do here? is there a way out for them or are they going to be pushed back into a corner where they have no choice, but to concede that they have to raise tax rates or else go over the...
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Nov 19, 2012
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you see what nancy pelosi said, what john boehner has been saying. then you go back to the president's press conference taking a pretty tough decisive tone on susan rice and then you look at what's happening and also his position on the tax increases. take all of that together, it looks like more of the same. do you sense and from your reporting are we just having people circle each other or are their feet in stone? >> i think there's still some areas where people can get to the right place. the two things i keep thinking about is the business community, i think, what steve says is exactly right. it seems like from the outside, what they want more than anything is certainty. it's not just moment to moment. it's minute to minute. it's crisis to crisis. and that is an atmosphere that's not conclusive towards optimal economic activity. this notion of trying to get to long-term stability but not having short-term austerity measures would be too depressed on consumer activity seems like where we need to end up and a lot of pressure from republicans to the
you see what nancy pelosi said, what john boehner has been saying. then you go back to the president's press conference taking a pretty tough decisive tone on susan rice and then you look at what's happening and also his position on the tax increases. take all of that together, it looks like more of the same. do you sense and from your reporting are we just having people circle each other or are their feet in stone? >> i think there's still some areas where people can get to the right...